Summary of National and Local Subsidies for Vehicle Upgrade Program

2024/09/29
Subsidy Policy
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China
To boost car consumption, the national government and various provinces have introduced subsidies for the vehicle upgrade program. The national subsidy is up to 20,000 yuan, while local subsidies vary, covering both new energy and fuel-passenger cars. The policy is valid until December 31, 2024, with subsidies in the form of cash and coupons.
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